Money News
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SIP investment: Here is how to generate even 15 pct returns from your money
FE Online | July 6, 2017 12:49 PMNow you can earn huge amounts of money without losing your mind or your shirt – all you need is your current salary and some discipline!
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7th Pay Commission HRA allowances: To ensure no pain for lower levels, Centre fixes Rs 5,400, Rs 3,600 and Rs 1,800 as payout brackets; gain more than doubles for many
FE Online | July 6, 2017 12:03 PM7th Pay Commission HRA allowances: As the Central government has implemented the 7th Pay Commission (CPC) from July 1, more than 48 lakh government employees will now benefit from their House Rent Allowance (HRA).
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Income Tax efiling: Here’s what you need to disclose now in tax return forms for Financial Year 2016-17
July 6, 2017 2:09 PMFor an individual tax payer, income tax efiling can be a complicated process with all the detailed reporting requirements. Here are a few important details that need to be provided in the ITR.
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EPFO signs pacts with 5 banks, all set to save Rs 125 cr
Surya Sarathi Ray | July 6, 2017 7:41 AMThe Employees Provident Fund Organisation (EPFO) is likely to save around Rs 125 crore annually on transaction costs as it signed pacts with five more major banks — ICICI, HDFC, Axis, Kotak Mahindra and Bank of Baroda — for collection of contributions from employers and payment to beneficiaries at zero costs.
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UPI transactions value rises 11 pct in June over May
Shritama Bose | July 6, 2017 6:43 AMThe Unified Payments Interface (UPI) channel grew 11% month-on-month (m-o-m) in terms of the aggregate value of transactions in June, even as other digital payment systems either remained flat or saw a decline in transaction value.
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Cashless payments: Just 4 pct of BHIM target met so far; sees 16 mn downloads since launch
Shritama Bose | July 6, 2017 6:42 AMThe National Payments Corporation of India (NPCI) has so far met only 4% of the targeted number of downloads of the Bharat Interface for Money (BHIM) app for FY18, according to a presentation made by the company’s managing director and chief executive officer, AP Hota.
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EPFO to now invest Rs 3000 crore in AA+ rated corporate bonds
PTI | July 5, 2017 6:39 PMRetirement fund body EPFO has decided to invest in corporate bonds in the AA+ investment grade, a notch lower than the earlier norm of AAA, a move that will help it park around Rs 3,000 crore per annum in such securities.
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Who is exempt from PAN card Aadhaar card linking
FE Online | July 5, 2017 6:05 PMThe Central government has recently notified that the requirement of quoting of Aadhaar / Enrolment ID shall not apply to a few class of individuals if they do not possess the Aadhaar / Enrolment ID.
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Axis Bank launches super bikes loans; to fund 95% of costs
PTI | July 5, 2017 4:59 PMAs the higher engine displacement ‘super bikes’ catch fancy of the Indian consumer, Axis Bank today introduced a special loan product, offering to fund up to 95 per cent of the costs.
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Planning to buy a home in Noida, Greater Noida? You can get interest subsidy on home loan under PMAY now
Sanjeev Sinha | July 5, 2017 4:26 PMEarlier this benefit was not available to home buyers willing to buy their homes in areas which were not declared in the Census 2011 as statutory towns, nor were notified by the state governments.
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New age technologies in construction industry key to achieve Housing for All by 2022: Colliers Research
FE Online | July 5, 2017 1:50 PMEspecially after RERA, which emphasizes the need of timely completion of projects, adoption of modern technologies has become the need of the hour for a developer to survive in the market.
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GST facts: 6 important things every businessman and taxpayer should know
FE Online | July 5, 2017 1:30 PMA well-designed GST in India is expected to simplify and rationalize the current indirect tax regime, eliminate tax cascading and put the Indian economy on high-growth trajectory. Here are some important things which you need to know.
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Income Tax Return Filing Online: Dos and don’ts for regular taxpayers and millennials
July 5, 2017 10:47 AMAs the income tax return filing season is at its peak, it is important to be aware of the essential dos and don’ts of tax filing that you should keep in mind while filing your returns.
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Your queries: Tax exemption on gratuity continues to be Rs 10 lakh in absence of amendment
Amarpal Chadha | July 5, 2017 4:34 AMCurrent income tax law provides maximum tax exemption limit of Rs 10 lakh on gratuity. Accordingly, till any amendment this limit will be applicable.
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Startup Zenatix uses machine learning models to reduce energy consumption by large consumers
Ankush Kumar | July 5, 2017 4:22 AMWhile energy efficiency initiatives have so far mainly focused on retrofits (more energy efficient light bulbs, air conditioners, etc.), it is equally important to drive efficiency on the consumption side.
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Snapbizz CloudTech startup helping turn kirana stores into virtual supermarkets with calculator to cloud solution
BV Mahalakshmi | July 5, 2017 4:18 AMWith Goods and Services Tax (GST) now a reality, kirana stores will perforce have to transform themselves into virtual supermarkets to improve their financial viability and comply with tax laws.
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GST impact on online shopping, tax breaks: All you to know about the changed rules in 7 brief points
Suraj Nangia | July 5, 2017 4:06 AMOn July 1, India moved on to a new era of taxation with the rollout of Goods and Services Tax (GST). It has now subsumed 17 central and state indirect taxes and 23 cesses into a single tax regime.
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Mutual funds: Who should invest in balanced funds? All you want to know
July 5, 2017 3:59 AMHybrid funds are a type of mutual funds that buy a combination of equity shares and fixed income instruments and provide both income and capital appreciation while avoiding excessive risk.
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National Insurance gross premium rises 19% in FY17
PTI | July 4, 2017 8:59 PMState-owned National Insurance Company has recorded 18.8 per cent growth in gross premium collection at Rs 14,282 crore for the fiscal ended March 2017.
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Aadhaar Card and PAN Card linking: How NRIs will get impacted by government’s new rules
FE Online | July 4, 2017 6:44 PMThe government has made it mandatory to link the existing Aadhaar numbers with the PAN cards of taxpayers with effect from July 1. However, what are you required to do if you are a non-resident Indian (NRI)?
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How to file ITR online: Got your Form16? Know the simplest way to file Income Tax Return online at incometaxindiaefiling.gov.in
FE Online | July 5, 2017 10:51 AMKnow how to file Income Tax Return (ITR) online on Income Tax website. It’s very simple through these steps.
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Credit card bill payment exempt from cash dealing limit
PTI | July 4, 2017 4:26 PMRestrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business correspondents appointed by banks and issuers of prepaid instruments, the revenue department has said.
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ITR-1 Sahaj form AY 2017-18: How filing ITR form has gotten easier for salaried individuals on incometaxindiaefiling.gov.in
July 4, 2017 4:24 PMThe new ITR-1/Sahaj is a one-page form that simplifies the Income Tax Return filing process for salaried individuals.
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GST to give a boost to residential real estate sector
July 4, 2017 3:04 PMGST will have a multi-edged positive impact on the residential realty sector, bringing in more transparency, abolishing multiple taxation system, and making the system more systematic and streamlined.
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7th Pay Commission in MP: Good news for 6.5 lakh Madhya Pradesh government employees; Shivraj Singh Chouhan led Cabinet clears salary bonanza for staffers
FE Online | July 4, 2017 3:14 PM7th Pay Commission in MP: Shivraj Singh Chouhan led state government has decided to implement the 7th Pay Commission recommendations.
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Small savings schemes like PPF, NSC interest rate cuts likely to continue: Here is where small investors can invest now
Sanjeev Sinha | July 4, 2017 1:14 PMWith interest rates moving southwards, even government-backed small savings schemes like PPF and NSC do not remain much reliable today. So, what should small investors do now and where should they invest?
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DDA Housing Scheme 2017: What is different this time; how you can save your money
FE Online | July 4, 2017 10:53 AMDDA Housing Scheme 2017: The much-awaited residential scheme by Delhi Development Authority has been launched. Know how to apply offline and online.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
